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Drivers for Demand of Sustainability Information

A study by McKinsey found companies with strong ESG practices outperformed their peers by 7%, provided they also outperformed on the fundamentals.   Several studies have indicated that firms with strong ESG performances tend to benefit from lower capital costs, increased return on investments and reduced risk profiles (Alduais 2023; Fulton, Kahn & Sharples 2012; Garcia, Mendes-Da-Silva & Orsato 2017; Nsibande & Sebasian 2023). For instance, a Morgan Stanley Capital International (MSCI), in an investment research company study, revealed that companies with high ESG ratings outperformed their low-rated counterparts by an average of 4.6% annually, between 2007 and 2017 (Vu, Lehkonen & Junttila 2022).

18 Sep 2024 Read more
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The Importance of Tender Bid Validity

Tender Bid Validity refers to the period during which a bidder's offer remains open for acceptance by an organ of state.   This period is critical as it reflects the period during which the procuring entity must evaluate all bids according to the bid conditions as advertised, and also the period during which the ultimate contract is to be concluded with the successful bidder/s.

18 Sep 2024 Read more
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Business Valuations in South Africa’s Stagnant Economy: The Recession Factor

South Africa has been teetering on the edge of a recession, narrowly avoiding a technical one with a GDP growth of 0.1% in the final quarter of 2023.   Despite this, the nation remains in what economists call a "per capita recession." This unique economic phase reflects the fact that while the population is growing at around 1.5% to 1.6% per year, the GDP growth lags, indicating a stagnating economy where individual wealth is shrinking. For business owners and investors alike, the outlook for business valuations in such an environment is critical to understand, particularly as a full-blown recession looms on the horizon.

18 Sep 2024 Read more
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Navigating South Africa’s Gas Transition: Key Considerations for 2027 and Beyond

This article provides an overview of South Africa's natural gas supply and demand dynamics, potential economic impact of the shortage, and possible mitigation solutions and opportunities.

18 Sep 2024 Read more
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The Tuna Bonds Scandal: A Landmark Case Against Corruption

In the recent judgment in the "Tuna Bonds Scandal", the Republic of Mozambique won its $3.1 billion lawsuit at London's High Court against UAE shipbuilder Privinvest for allegedly paying over $200 million in bribes to, inter alia, Mozambican officials and key Credit Suisse bankers from 2013 to 2016.

14 Aug 2024 Read more
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The Imperative of ESG Considerations in Retirement Fund Investment Policies

Integrating Environmental, Social, and Governance (ESG) considerations into investment strategies has gained significant traction. In South Africa, Regulation 28 of the Pension Funds Act explicitly mandates retirement funds to consider ESG elements when formulating their investment policies. This regulatory requirement underscores the importance of sustainable investing and the need for transparency and accountability in the financial sector.

14 Aug 2024 Read more
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GRI: Setting a Foundational Framework for Sustainable Mining Practices

Why GRI 14 (Global Reporting Initiative) – the Mining Standard? Adaptability and focus on continuous improvement are crucial for navigating the dynamic challenges and expectations within the mining industry.

14 Aug 2024 Read more
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The Critical Importance of ITGC Audits: Safeguarding Your Digital Infrastructure

In today's digitally driven world, organisations rely heavily on their information technology (IT) infrastructure to conduct business operations, manage data and serve customers. However, with the increasing complexity and interconnectedness of IT systems, the risk of cyber threats, data breaches and system failures has never been greater. In this landscape, Information Technology General Controls (ITGC) audits emerge as a crucial mechanism for organisations to ensure the reliability, integrity, and security of their digital assets.   Recognition of this dependency on IT systems and related controls was encompassed in a shift in traditional audit and risk assessment approaches. This is codified in the revised International Standards of Auditing statement 315 (effective for financial statements for periods beginning on 15 December 2021).   Moore in South Africa’s team of experts can provide objective and independent support in the execution of evaluations within the ISA 315 framework or in specialised assessments in complex IT control areas.

14 Aug 2024 Read more
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Additional Compliance Requirements Trustees Need to be Aware of

The South African Revenue Service (SARS) has increased its focus on trusts both from a tax compliance perspective and also as a result of the new rules regarding the disclosure of beneficial ownership.

16 Jul 2024 Read more
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Leveraging Framework Contracts and Lower Construction Industry Development Board (CIDB) Gradings to Combat the Construction Mafia and Enhance Market Competition

The construction industry in South Africa faces significant challenges due to the disruptive activities of criminal syndicates known as the "construction mafia”, with the emergence of this phenomenon in 2016 according to Daily Maverick “Rise of the new construction mafia” article published in 2019. These groups use intimidation and violence in an attempt to extort funds from successful bidders, creating barriers to market access, discouraging investment, and limiting competition.

15 Jul 2024 Read more
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